The Accountancy of Investment Including a Treatise On Compound Interest Annuit
The Accountancy of Investment Including a Treatise On Compound Interest Annuit
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To quickly assess the difficulty of the text, read a short excerpt:
3709762 We find that the logarithm of . 23495 is 1 . 3709754 Remainder 8 which gives the figures 02.
Hence, . 2349502 is the total discount at 3% per period for 49 periods on $1. 00. Subtracting the . 2349502 from 1, we have . 7650498, which is the present value of an annuity of . 03 for 49 periods. Dividing by . 03 we have the present value of an annuity of $1. 00 per period, viz. , 25. 50166. But the surplus interest (35 30) is $5; hence, we must multiply 25. 50166 by 5, giving $127. 508, or,... rounded off, $127. 51, as the premium, at 49 periods. Adding this to the 1, 000 we have $1127 . 51, the same result as in Article 91.
93. When bonds are purchased as investment, a Schedule' of Amortisation should be constructed, showing the gradual extinction of the premium by the application of surplus interest.
ACCOUNTANCY OP INVESTMENT.
The following is the form recommended, but it should be con- tinued to the date of maturity, and at intervals corrected in the last figure by a fresh logarithmic computation.
What to read after The Accountancy of Investment Including a Treatise On Compound Interest Annuit?
You can find similar books in the "Read Also" column, or choose other free books by Sprague, Charles E. (Charles Ezra), 1842-1912 to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
3709762 We find that the logarithm of . 23495 is 1 . 3709754 Remainder 8 which gives the figures 02.
Hence, . 2349502 is the total discount at 3% per period for 49 periods on $1. 00. Subtracting the . 2349502 from 1, we have . 7650498, which is the present value of an annuity of . 03 for 49 periods. Dividing by . 03 we have the present value of an annuity of $1. 00 per period, viz. , 25. 50166. But the surplus interest (35 30) is $5; hence, we must multiply 25. 50166 by 5, giving $127. 508, or,... rounded off, $127. 51, as the premium, at 49 periods. Adding this to the 1, 000 we have $1127 . 51, the same result as in Article 91.
93. When bonds are purchased as investment, a Schedule' of Amortisation should be constructed, showing the gradual extinction of the premium by the application of surplus interest.
ACCOUNTANCY OP INVESTMENT.
The following is the form recommended, but it should be con- tinued to the date of maturity, and at intervals corrected in the last figure by a fresh logarithmic computation.
What to read after The Accountancy of Investment Including a Treatise On Compound Interest Annuit?
You can find similar books in the "Read Also" column, or choose other free books by Sprague, Charles E. (Charles Ezra), 1842-1912 to read onlineMoreLess
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